Smart Payment Technologies

  • SectorElectronic payments solutions software
  • OverviewGlobal provider of payment solutions, hardware, software and services
  • Value£ Undisclosed MBO
  • CompletedAugust 2019
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About

 

Smart Payment Technologies is an established provider and industry leader in delivering complex integrated payment solutions. They bring together software and devices seamlessly for local and global deployment.

Founded in 2003 under the name Secure Retail, they initially focused on supplying smart card connectors to payment terminal manufacturers and card readers to ATM providers. Having always been at the forefront of the payment industry, their focus has always been on customer experience. And with a current team of over 75 payment professionals, they continually push the boundaries of payment technology, ensuring they meet the evolving challenges faced by their customers.

Smart Payment Technologies are active across the globe, with logistics operations in the UK and Netherlands and services deployed in 57 countries, they continue to empower businesses to process omni-channel payments with confidence, no matter where they are.

They offer a range of estate management & support services to minimise downtown and ensuring optimal device performance and transaction success rates. This is alongside a dedicated in-house compliance team to ensure every solution meets global regulatory standards with rigorous validation.

No other company provides a more comprehensive range of technology and hardware solutions to meet the secure payment challenges faced its client’s businesses.

 

 

 

The Market

The company currently operates in a segment of the broader £4.7bn payments market, estimated at £693m. This market continues to grow, driven by increasing penetration of card payments over the last decade, accelerated by Covid-19, hastening the transition from cash to card, mobile and contactless payments. In addition, demand for its product, solutions and services is further underpinned by continuously evolving regulatory standards, which demand periodic update and replacement of infrastructure and terminal estates, combined with product innovation.

NVM’s investment was made to support Smart Payment Technologies strategy to evolve its business model to one where an increasing majority of gross margin is derived from recurring and repeat revenue streams.

Smart Payment Technologies in numbers

  • 1986 Founded
  • £693m Market size
  • £80m Contactless payments per year
2909

We're delighted to be partnering with NVM. From our very first meeting it was clear that NVM had the appetite and understanding to add considerable weight to the exciting product strategy being delivered by the team. The next phase of payment security will undoubtedly create the potential for significant growth in software, hardware and support services. Supported by NVM we are well placed to capitalise on this opportunity

David Russell ,  Managing Director ,  Secure
2910

We are delighted to be partnering with Carl, David and the rest of Smart's highly experienced management team to take the business forward through the next period of its growth. The payments market is necessarily becoming more complex and specialised given heightened regulatory and security considerations, coupled with increasing demands from consumers for speed and flexibility. The expertise that the team has built over the past 15+ years will be of considerable value in such a dynamic market.

Andy Leach ,  NVM
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